Quote of the day: A sly rabbit will have three openings to its den. — Chinese Proverb EURUSD Trading strategy: short at 1.4470, stop at 1.4520 (1% risk), 1st objective at 1.4420, 2nd objective at 1.4370 Euro’s weakness remains high as its decline extended through yesterday’s all three trading sessions, reaching a fresh 3 months Read More
- Continue reading: Daily analysis and trading strategies 12-18-09
Quote of the day: The time to buy is when blood is running in the streets. — Baron Nathan Rothschild EURUSD Trading strategy: short at 1.4530, stop at 1.4570 (1% risk), 1st objective at 1.5590, 2nd objective at 1.4430. Euro’s free fall continued through the Asian session, reaching a 3 months low at $1.4368. Yesterday’s Read More
- Continue reading: Daily analysis and trading strategies 12-17-09
Quote of the day: The worse a situation becomes, the less it takes to turn it around, the bigger the upside — George Soros EURUSD Trading strategy: short at 1.4680, stop at 1.4740 (1% risk), 1st objective at 1.4620, 2nd objective at 1.4560 Offers around the 1.4550 level are being tested at the time of Read More
- Continue reading: Daily analysis and trading strategies 12-16-09
EURUSD Euro’s correlation to the S&P 500 has been lost since a few days ago when the S&P 500 reversed at 1086 but euro went the opposite way, not following to the upside. The correlation to gold remained higher, though – but since both gold and euro face downside pressure nowadays, lower objectives may be Read More
Quote of the day: If I’m going to do something, I do it spectacularly or I don’t do it at all. — Prince Alwaleed Bin Talal Alsaud EURUSD Trading strategy: stand aside Euro started the week into a narrow range of 90 points yesterday, support at $1.4600 being intact, still. Since it couldn’t climb too Read More
- Continue reading: Daily analysis and trading strategies 12-15-09
Quote of the day: Successful investing is anticipating the anticipations of others. –John Maynard Keynes Sorry for not posting any article last Friday, I had some problems with my Internet connection in the hotel – but now I’m back to my good old and reliable desktop PC. EURUSD Trading strategy: stand aside The single currency Read More
- Continue reading: Daily analysis and trading strategies 12-14-09
I’m on a trip to Poland until Saturday and my Internet connectivity is slightly limited, so I can’t focus much on the charts. I’ll be short (on words) on this and tomorrow’s article. EURUSD Trading strategy: stand aside Euro is back where it was 24 hours ago, pushing down on the 1.4700 handle. Yesterday’s recovery Read More
EURUSD Trading strategy: stand aside EUR found support right on the 1.4700 handle after it continued to drop for 180 points. Since there are no signs of a recovery yet as the euro continues to push on the 1.4700 mark – extended weakness is likely, next support being formed around 1.4600. Both short-term and intra-day Read More
Quote of the day: There are plenty of ways to get ahead. The first is so basic I’m almost embarrassed to say it: spend less than you earn. — Paul Clitheroe EURUSD Trading strategy: stand aside The euro moved slightly higher on yesterday on dovish comments from Ben Bernanke but failed to rally, facing resistance Read More
- Continue reading: Daily analysis and trading strategies 12-08-09
EURUSD Trading strategy: stand aside The euro is currently recovering some lost ground, testing offers at 1.4900. Intra-day sentiment is slightly bullish but stronger resistance levels are seen a bit higher – at 1.4950/55 and 1.5000. On a short-term basis – a break above 1.5000 is needed to confirm that the drop to 1.4820 was Read More
EURUSD Despite several attempts to breach higher last week, the euro failed to hold gains as the dollar rallied across the board on Friday, as a result of better than expected unemployment figures. The 270 points decline of Friday has cleared half of euro’s gains accumulated during the previous two months, hence December started by Read More
Quote of the day: I think that only daring speculation can lead us further and not accumulation of facts. – Albert Einstein EURUSD Trading strategy: holding yesterday’s long @1.5045, stop at break-even, 2nd objective at 1.5145 (1st objective closed at 1.5095) The euro found bids into the support zone of 1.5000/50 region as expected and Read More
- Continue reading: Daily analysis and trading strategies 12-03-09
Quote of the day: It is your attitude, not your aptitude, that determines your altitude. — Zig Ziglar EURUSD Trading strategy: long at 1.5045, stop at 1.4995 (1% risk), 1st objective at 1.5095, 2nd objective at 1.5145 The euro is trading higher as the dollar weakness intensified across the board. Both short-term and intra-day studies Read More
- Continue reading: Daily analysis and trading strategies 12-02-09
Quote of the day: A successful life is one that is lived through understanding and pursuing one’s own path, not chasing after the dreams of others. — Chin-Ning Chu EURUSD Trading strategy: short at 1.5170, stop at 1.5220 (1% risk), 1st objective at 1.5120, 2nd objective at 1.5070 Support into the 1.4975/90 region continues to Read More
EURUSD Trading strategy: short at 1.5180, stop at 1.5240 (1% risk), 1st objective at 1.5120, 2nd objective at 1.5060 The euro opened higher today and climbed higher during the Asian session, recovering most of Thursday’s and Friday’s losses which were quite high (to as low as 1.4828) due to lower liquidity. Now that the upside Read More
- Continue reading: Daily analysis and trading strategies 11-30-09
Quote of the day: A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power. — Brian Tracy EURUSD Trading strategy: stand aside Yesterday’s rally above the 1.5000/60 region looks good to me as I’ve been calling for euro’s break higher quite a few times lately. Also, according to Read More
Quote of the day: Forgetting your mistakes is a terrible error if you are trying to improve your cognition. — Charlie Munger EURUSD Trading strategy: stand aside Upside pressure is high as the euro trades near the 1.50 handle. Both short-term and intra-day charts call for higher highs. Watch the 1.5050/60 region for a potential Read More
Quote of the day: Investors have very short memories. — Roman Abramovich EURUSD Trading strategy: stand aside Range-bound trading below the 1.5000 handle, supported by 1.4850 bottom, continues – the euro facing a strong resistance into the 1.5000 region once again, on yesterday. Intra-day sentiment is bearish as price pulls back from the higher half Read More
- Continue reading: Daily analysis and trading strategies 11-24-09
EURUSD Today’s rebound against the buck provides a clue about a potential resume of longer term uptrend. We’ll see if the euro will manage to hold gains above the fresh breached barrier into the 1.4950 region (which is currently under minor pressure) – formed by the falling trend line coming from 1.5045 over the previous Read More
Quote of the day: A penny saved is a penny earned. – Benjamin Franklin EURUSD Trading strategy: stand aside The bottom into the 1.4850 area has been challenged once again and provided a stable barrier – the euro recovering to as high as 1.4935 at the time of writing this. Not far away to the Read More
- Continue reading: Daily analysis and trading strategies 11-20-09
Quote of the day: Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it. — Peter Lynch EURUSD Trading strategy: stand aside The euro trades higher today as it managed to return into the mid 1.49 region on yesterday but gains have been Read More
- Continue reading: Daily analysis and trading strategies 11-19-09
Quote of the day: No one can earn a million dollars honestly. — William Jennings Bryan EURUSD Trading strategy: stand aside A fresh decline into the lower 1.48 region occurred on yesterday but key support layer into the 1.4820-1.4850 range is intact as the euro recovered some of its losses. Although short-term sentiment has weaken, Read More
- Continue reading: Daily analysis and trading strategies 11-18-09
Quote of the day: So you think that money is the root of all evil. Have you ever asked what is the root of all money? – Ayn Rand EURUSD Trading strategy: holding the 2nd half of yesterday’s long with stop at break-even (1.4930) – objective at 1.5030. Intra-day lows have been reached on yesterday’s Read More
- Continue reading: Daily analysis and trading strategies 11-17-09
Quote of the day: Every once in a while, the market does something so stupid it takes your breath away. – Jim Cramer EURUSD Trading strategy: long at 1.4930, stop at 1.4870 (1% risk), 1st objective at 1.4980, 2nd objective at 1.5030. The euro is grinding higher today, extending Friday’s gains into the 2nd half Read More
- Continue reading: Daily analysis and trading strategies 11-16-09
Short term outlook for EURUSD, NZDUSD, USDCAD and EURCHF EURUSD Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won’t occur within the coming days – such break confirming that the Read More
This work by innerfx.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at http://www.innerfx.com/terms-of-use.
